Viavi Solutions Inc. (VIAV) exhibits 57.7% gross margins and 9.4% return on invested capital within Technology (Semiconductors), balanced against a 63.1x enterprise multiple and 7.9% implied options volatility.
Sustained 57.7% gross profitability converts into 6.9% operating margin and 9.4% ROIC, outpacing sector cost of capital.
ROIC: 9.4% // GM: 57.7%YoY revenue trajectory of +40.0% paired with 1.00% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +40.0% // FCF YLD: 1.00%Altman Z-Score of 0.45 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.45 // F-SCORE: 7/9Trading at 24.0x trailing P/E (22.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: 63.1xOptions market prices a ±7.9% implied move with a 1.06 put/call ratio around $33.00 max pain.
IMPL MOVE: ±7.9% // P/C: 1.06Elevated industry capital intensity and customer concentration in Semiconductors require continuous execution to defend -2.0% net margins.
NET MARGIN: -2.0% // D/E: 0.98x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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